• Disbursements Specialist

    Job Locations US-TX-Dallas
    Req #
    Mortgage Operations
    Location Name
    (Mortgage) Dallas, TX - Preston
  • Job Summary

    • Responsible for managing draw disbursements for construction and renovation loans.

    Essential Functions

    • Works in the company’s system, PrimePath and the disbursement system, TCL
    • Effectively communicate with borrowers and builders/contractors
    • Orders progress/final inspections and title date-downs to confirm compliance to disburse the required funds to builders/contractors
    • Computes the required funds to be disbursed to builders/contractors
    • Obtain and review proper draw documents for draw disbursements
    • Run daily and weekly reporting to manage pipeline
    • Follow-up with borrowers and builders/contractors during construction/renovation to ensure completion by deadline
    • Processes late penalty fees for projects that are past completion deadline
    • Works closely with management on the projects that are past completion deadline
    • Completes close-out procedures for construction and renovation projects

    Job Requirements

    • Bachelor’s degree preferred, but not required.
    • 1-2 years of draw disbursement and/or mortgage banking experience
    • Ability to interact with regional, and corporate departments, as well as realtors, sales agents, underwriting, processing, closing, builders/contractors, homeowners, 3rd party vendors, servicing, post-closing, accounting, etc.
    • Ability to work well under pressure and meet deadlines
    • Ability to multi task
    • Excellent communication skills, both verbal and written
    • Demonstrates excellent analytical skills
    • Excellent PC skills, including Microsoft Office suite
    • Displays excellent time management, organizational and problem-solving skills
    • Must be organized and detail-oriented and possess ability to prioritize work load based on loan volume.
    • Must be proficient in required origination technology and use of other office equipment
    • Must maintain confidentiality of borrower and/or company information


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